Operates in the packaging industry, classified under industrial products. FY26 revenue totalled Rs 1,989.98 lakhs, with net profit at just Rs 5.18 lakhs, down 77% from Rs 22.48 lakhs in FY25. Materials form the largest cost share at 60% of revenue, followed by other operating expenses at 23.5% and employee costs at 12.2%. The company is listed on the BSE and operates out of Jaipur. In Q1 FY27, revenue rose to Rs 609.57 lakhs from Rs 506.98 lakhs a year earlier, while net profit slipped to Rs 4.39 lakhs from Rs 5.36 lakhs. FY26 borrowings nearly doubled to Rs 340.24 lakhs from Rs 178.74 lakhs, and operating cash flow turned negative at Rs -8.73 lakhs from a positive Rs 230.76 lakhs in FY25. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Packaging products. Small, materials-heavy packaging manufacturer
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 15 | 22 | 22 | 21 | 20 |
| EBITDA (ex other income) | 1 | 1 | 2 | 1 | 1 |
| margin % | 5.8 | 5.3 | 7.3 | 6.0 | 4.6 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.14 | 0.38 | 0.96 | 0.73 | 0.17 |
| ROE % · ROCE % | 1.0 · 6.0 | 2.6 · 9.2 | 6.2 · 12.7 | 4.5 · 9.9 | 1.0 · 6.0 |
| Debt / equity (x) | 0.82 | 1.34 | 0.92 | 0.51 | 0.77 |
| Cash from operations | 0 | (0) | 2 | 2 | (0) |
| Capex | (0) | (2) | (0) | 0 | (0) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 6 | 5 | 5 | 5 | 5 | 5 | 6 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | (0) | 0 |
| EPS (₹) | 0.11 | 0.18 | 0.30 | 0.17 | 0.14 | 0.04 | 0.19 | 0.14 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| EPL LIMITED | 7,674 | 15.7 | 2.68 | 8.3 | 13.7 | 13.6 | 9.0 | 19.1 |
| AGI GREENPAC LIMITED | 4,943 | 13.7 | 2.05 | 7.5 | 14.6 | 16.5 | — | 23.4 |
| UFLEX LIMITED | 4,730 | 6.9 | 0.58 | 6.9 | 3.9 | 2.7 | 11.6 | 17.1 |
| POLYPLEX CORPORATION LTD | 3,541 | 22.8 | 0.50 | 9.5 | 0.6 | 0.3 | 7.6 | 14.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 19 Aug 2026 · 17th AGM notice published; e-voting Sep 8-11, book closure Sep 6-12 | compliance | minimal | — | — |
| 18 Aug 2026 · Annual Report 2025-26 web link shared with members ahead of 17th AGM | compliance | minimal | — | — |
| 18 Aug 2026 · Vinayak Polycon FY26 Annual Report: Profit falls to Rs 5.18 lakh amid raw material pressure | results | high | — | — |
| 18 Aug 2026 · 17th AGM notice scheduled for Sept 12, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 2 Aug 2026 · Newspaper ad for 17th AGM on 12 Sep 2026, includes Q1 FY27 results | compliance | minimal | — | — |
| 2 Aug 2026 · Newspaper publication of Q1 FY26-27 financial results | compliance | minimal | — | — |
| 1 Aug 2026 · Board approves Q1 results, fixes 12 Sept 2026 AGM date | results | high | — | — |
| 1 Aug 2026 · Board approves Q1 results, re-appoints auditors, sets AGM on Sep 12 | management changes | medium | — | — |
| 1 Aug 2026 · Q1 FY27 Results: Revenue Up, PAT Declines YoY | results | high | — | — |
| 1 Aug 2026 · Board approves Q1 results, 17th AGM on September 12, 2026 | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| TCPL PACKAGING LIMITED |
| 3,515 |
| 30.4 |
| 4.89 |
| 13.4 |
| 13.6 |
| 13.0 |
| 15.4 |
| 17.8 |
| XPRO INDIA LIMITED | 3,028 | 91.7 | 3.79 | 64.6 | 2.4 | 2.8 | 6.2 | 11.4 |
| JINDAL POLY FILMS LIMITED | 2,936 | 143.6 | 0.72 | 10.0 | 0.6 | 0.8 | 8.5 | 23.0 |
| COSMO FIRST LIMITED | 2,294 | 13.6 | 1.42 | 8.0 | 9.6 | 6.4 | 9.8 | 12.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 41.2 | 17.6 | 57 of 69 | 18% |
| P/B | 1.3 | 1.4 | 27 of 61 | 55% |
| ROCE | 2.3 | 7.3 | 53 of 71 | 26% |
| ROE | 1.0 | 6.8 | 55 of 66 | 17% |
| Debt / Equity | 0.8 | 0.3 | 47 of 66 | 29% |
| EBITDA margin | 4.0 | 12.1 | 54 of 62 | 13% |
| Revenue growth | 20.2 | 14.0 | 24 of 61 | 62% |
| Profit growth | (18.1) | 23.4 | 39 of 60 | 36% |
| Market cap | 6 | 131 | 71 of 73 | 3% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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